Friday, November 15, 2024
Roundhill Ball Metaverse ETF (META) has doubled its net asset value from $130 million to $260 million since Facebook (FB) changed its name to Meta Platforms two weeks ago. Volumes have also soared on the ETF. It may have been a serendipitous case of being in the right place at the right time for the […]
Shares of PayPal (PYPL) have lost a third of their value since peaking above the $310 level in late July. Much of the selling pressure has come from a couple of missteps, like its near-acquisition of Pinterest (PINS) and disappointing guidance following PYPL’s most recent earnings report. To start, PYPL’s interest in PINS was a […]
Inflation is what everyone in the market is talking about these days. The financial markets are concerned that the Fed will have to hike rates much sooner than expected. Higher rates will significantly impact fixed income products like Treasuries and corporate bonds. Perhaps that’s why an institutional trader purchased 160,000 put spreads in iShares iBoxx […]
Dear Reader, Last week, the CPI inflation was released, showing the highest year-over-year inflation in 30 years. After living and investing in a low-inflation economy for a couple of decades, investors now need to pick some inflation-fighting stocks and funds. In the 1980s, the Federal Reserve killed inflation by quickly and massively increasing interest rates. […]
Last week was a big option week for iShares Silver Trust (SLV). The popular physical silver ETF got a boost as inflation concerns bubbled to the surface following a larger than expected jump in CPI. Over 460,000 options traded in one day last week, with calls making up nearly 90% of the volume. Calls tend […]
After ATVI’s share priced gapped from $77.50 to $67, the gaming stock is oversold on the relative strength index (RSI), moving average convergence divergence (MACD), and Williams’ %R momentum indicator. In fact, the last few times these indicators were this oversold, shares of ATVI pushed higher shortly after. At the same time, it’s tough to […]
“Options are the same as stocks, just cheaper!” Ever heard a pitch start like that? Well, it’s wrong. Crazy wrong. Options trade much differently than stocks, and thus why it’s easier to lose money with options. (and this is coming from a 20+ year options trader). One key difference is options use of “implied volatility.” […]
Cryptocurrencies have been red hot, as we noted on November 5. So it came as no surprise when Bitcoin hit a new all-time high of $66,566 a day later. The surge is all thanks to retail and institutional interest, as well as JP Morgan, which says Bitcoin could be headed to $146,000. “The re-emergence of […]
Many technology stocks share a similar fate: they are at the mercy of unrealistically high expectations from Wall Street. If they don’t meet these “pie-in-the-sky” expectations, their stock is savaged. We saw a perfect example of this recently with Twilio (TWLO). This company provides tools to firms, such as Uber, that want to integrate their […]
In the middle of last month, I spent two days on the road to pick up a new travel trailer I purchased from an out-of-state dealer. While driving during stock market hours, I use SiriusXM radio to listen to CNBC and Fox Business, keeping up with the day’s financial news. While I enjoy the information, […]
